Attached files
| file | filename |
|---|---|
| EX-32.B - SECTION 906 CERTIFICATION OF CFO - DARDEN RESTAURANTS INC | ex32bq3fy17.htm |
| EX-32.A - SECTION 906 CERTIFICATION OF CEO - DARDEN RESTAURANTS INC | ex32aq3fy17.htm |
| EX-31.B - SECTION 302 CERTIFICATION OF CFO - DARDEN RESTAURANTS INC | ex31bq3fy17.htm |
| EX-31.A - SECTION 302 CERTIFICATION OF CEO - DARDEN RESTAURANTS INC | ex31aq3fy17.htm |
| 10-Q - FORM 10-Q - DARDEN RESTAURANTS INC | q3fy1710-q.htm |
EXHIBIT 12
DARDEN RESTAURANTS, INC.
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES
(Dollar amounts in millions)
(Unaudited)
Three Months Ended | Nine Months Ended | ||||||||||||||
February 26, 2017 | February 28, 2016 | February 26, 2017 | February 28, 2016 | ||||||||||||
Consolidated earnings from continuing operations before income taxes | $ | 220.2 | $ | 138.1 | $ | 478.6 | $ | 274.3 | |||||||
Plus fixed charges: | |||||||||||||||
Gross interest expense (1) | 10.2 | 83.4 | 30.7 | 164.0 | |||||||||||
40% of restaurant and equipment minimum rent expense | 28.8 | 27.9 | 84.8 | 65.8 | |||||||||||
Total fixed charges | 39.0 | 111.3 | 115.5 | 229.8 | |||||||||||
Less capitalized interest | (0.6 | ) | (0.1 | ) | (1.2 | ) | (0.5 | ) | |||||||
Consolidated earnings from continuing operations before income taxes available to cover fixed charges | $ | 258.6 | $ | 249.3 | $ | 592.9 | $ | 503.6 | |||||||
Ratio of consolidated earnings from continuing operations to fixed charges | 6.6 | 2.2 | 5.1 | 2.2 | |||||||||||
(1) Gross interest expense includes interest recognized in connection with our unrecognized income tax benefits